Cisco Systems
 Data for the year ended December 31, 2023:

Item	Amount
Cash and Cash Equivalents	$35,000,000
Accounts Receivable	$20,000,000
Inventory	$25,000,000
Net Sales	$200,000,000
Operating Expenses	$120,000,000

Requirements:

1. Calculate Cisco's quick ratio.
2. Determine Cisco's inventory turnover ratio.
3. Analyze the impact of accounts receivable on Cisco's working capital.
4. Discuss how Cisco recognizes revenue from networking equipment sales.
5. Evaluate Cisco's liquidity using the current ratio.
6. Assess the role of the Income Measurement Objective in Cisco’s financial stability and performance metrics.